Rental Property Income Tax: Why Active or Material Participation Matters
Owning rental real estate can be a great supplemental source of income in addition to a normal day…
Take on new projects with a team of advisors focused on the financials and funding.
From builders to subcontractors, Anders offers you unmatched industry insight and financial expertise that helps enhance profits and maximize your bottom line. We’ll work with you to build or enhance your internal financial reporting and controls, making it easier to spot fraud or other irregularities while streamlining elements like taxes, regulatory compliance and insurance.
Ensuring you’re not overpaying in local, state and federal taxes takes a proactive approach. Our advisors work with the construction industry to analyze financial processes such as cash flow and entity type to create a custom tax planning strategy.
Our advisors develop insights through financial statement audits, job costing evaluations, internal control assessments and other processes to help construction companies strengthen internal controls and identify areas to improve operations.
Using data and innovative technologies can help move your construction business forward. Our advisors can support the platforms you use every day and equip office and job site employees with cloud-managed devices to work more efficiently. As a true technology partner, our Managed Services packages offer vCIO and vCISO-level expertise that scales with you without the major investment of hiring in-house.
Understanding the value of your business is vital when it comes time to sell or add partners. Our forensic and litigation advisors work with construction companies on valuations and various litigation, fraud and forensics situations as needed.
From planning for strategic growth, to help with contract cost and billing verification, our team works with construction companies on value-added services to move their businesses forward.
We are proud to be members of the following construction-related organizations:
Our client needed to structure and draft a new lease agreement to renew their building lease. We were able to obtain current lease rates in their market and introduce them to a commercial real estate broker to draft the most beneficial lease agreement for them.
Under the old tax code, our client was subject to alternative minimum tax (AMT) and could not receive a benefit of research and development (R&D) credits. Once that rule was lifted, we suggested that the client take advantage of R&D credits. We have been able to claim Federal tax credits of nearly $50,000 for the company so far in years one and two.
By conducting cost segregation studies on senior living apartment and college apartment developments we netted the developers $415,000 in net present value with the combined cost segregation studies.
By completing a cost segregation study on seven senior living facilities developed and built we saved the developer/investor $340,000 within the first year of operations. The overall net present value of completing the cost segregation studies for these senior living facilities exceeded $2 million for all projects.
A St. Peter’s based manufacturer had a facility expansion that called for the creation of 125 additional jobs, new equipment needs and an ongoing training initiative. We negotiated with the Missouri Department of Economic Development to procure nearly $2,600,000 in benefits from the Missouri Works program, $680,000 in property tax abatement and $100,000 in training grants.
An R&D Tax Credit study was performed for a client specializing in rapid turnaround and high volume engineering and manufacturing of custom tools and dies. The study identified $1,150,000 of Qualified Research Expenses (QREs) for the tax year 2015, resulting in a federal benefit of approximately $60,000 in tax credits.
Worked with a client on the sale of existing office space and purchase of a new building defer approximately $15,000 of tax on the sale through a like-kind exchange. Additionally, because the new building was located in a historic district, we were able to assist the client through the process of applying for MO Historic Tax Credits related to the planned rehab of their new building.
Assisted a client with plans of adding jobs, purchasing equipment and expanding their manufacturing facility secure over $2.5 million in economic incentives from state, county and local governments through the Missouri Works program and the Chapter 100 bond process.
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